Steel Products Prices North America
Weekly Raw Steel Production at 18 Week Low
Written by Brett Linton
September 14, 2015
For the week ending September 12, 2015, the American Iron & Steel Institute (AISI) estimated the U.S. steel industry produced 1,694,000 net tons of raw steel, a 2.7 percent decrease over the previous week and a 9.8 percent decrease over the same week one year ago. The estimated capacity utilization rate is 70.9 percent, down from 72.8 percent last week and down from 78.1 percent this time last year.
The last time raw steel production was this low was the week ending May 9, 2015 when 1,665,000 tons were produced at a capacity utilization rate of 70.4 percent.
Estimated total raw steel produced for 2015 YTD is reported to be 62,651,000 tons, down 8.0 percent from the 68,109,000 tons produced during the same period in 2014. The average capacity utilization rate for 2015 YTD is estimated to be 72.5 percent, down from 78.0 percent for 2014 YTD.
Note that the total production capability figure for Q3 2015 is approximately 31.4 million tons versus 31.6 million tons for the same period last year and 30.7 million tons for the Q2 2015.
Week-over-week changes per district are as follows: Northeast at 211,000 tons, down 21,000 tons. Great Lakes at 610,000 tons, down 8,000 tons. Midwest at 210,000 tons, down 2,000 tons. South at 573,000 tons, down 24,000 tons. West at 90,000 tons, up 8,000 tons. Total production was 1,694,000 tons, down 47,000 tons.
SMU Note: Below is a graphic showing the weekly raw steel production history. To use the graphs interactive capabilities, you must view it on our website. You can do this by clicking here. If you need help navigating the website or need to know your login information, contact us at info@SteelMarketUpdate.com or by calling 800-432-3475.
Brett Linton
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